World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices reaching their lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $554/mt on Friday, reaching its lowest level since July 7.
The G20-HSFO Index dropped by $5/mt to $464.50/mt, while the G20-MGO Index slipped by $6.50/mt to $779/mt.
ICE Brent crude futures jumped by $1.72/bl to $70.36/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $7.50/mt to $523/mt, at Rotterdam they declined by $2/mt to $518.50/mt, at Fujairah they slipped by $5.50/mt to $516.50/mt, and at Houston they dropped by $0.50/mt to $496.50/mt.
On Monday morning Brent crude futures were trading up by $0.18/bl from the previous session's close at $70.54/bl as of 6:11 AM in London. In metric tonne terms that would be equivalent to a $1.36/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.00 | 7.50 | 685.00 | 7.50 |
| Rotterdam | 518.50 | 2.00 | 728.00 | 5.00 |
| Houston | 496.50 | 0.50 | 701.50 | 1.50 |
| Fujairah | 516.50 | 5.50 | 732.50 | 1.50 |
| Global 20 Ports Average | 554.00 | 3.50 | 779.00 | 6.50 |
| Global 4 Ports Average | 513.50 | 4.00 | 712.00 | 1.00 |
| Global Average Bunker Price | 590.50 | 4.50 | 820.00 | 4.00 |
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